PETALING JAYA: ACE Market-listed Kanger International Bhd
has signed 10-year lease agreements for two of its commercial buildings in Ganzhou City in China.
The initial rental income per year for both commercial buildings will amount to RM11.1mil, subject to scheduled rent increases, the company said in a statement.
The commercial buildings comprise a purpose-built six-storey one-stop “AutoCity” building with a net lettable area (NLA) of 493,062 sq ft and a 19-storey hotel with 190,715 sq ft of NLA.
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